I see the same silly remarks that silly people make to cover up their
inability to admit failure.
Very similar comments were made about communism.
You're saying nothing I haven't seen before and what you are saying is
complete nonsense.
On 16/10/2011 11:42, Michael R. Brown wrote:
Horse -
Failed? Really? And we've had pure, laissez-faire capitalism all this
time?
That growth postulate is nowhere required by economic liberty, and
resources are not "denied" to the rest of the world. The central
factor is bad government. Africa suffers from oppression by African
socialism principally (which was quite compatible with dictators) -
and it has enormous resources. Market-based economies produce
resources; government-dominated ones can't and don't. (Look at the
USSR having to use tubes in their fighter aircraft into the 1980s.)
Deregulation never happened. Ever. As long as government controls
paper money, alone, you cannot claim that things are not regulated.
The market is far more regulated than it can bear, and other things
besides (to pick a random example, the destructive effects of things
like Fannie and Freddie, which in fact priced lower-income people out
of housing *over time* and led to an inflationary mentality in real
estate).
We've had a mixed economy for many decades, and these are the
consequences falling due. The $60-120trillion unfunded liability bomb
in the ill-designed welfare schemes known as Social Security and
Medicare are going to make the crash of '08-present look like child's
play unless we go forward to liberty. Talk about unsustainable.
And when those crises hit, capitalism will be blamed then, too. "The
rich" did it, always.
MRB
http://www.fuguewriter.com
-----Original Message----- From: Horse
Sent: Sunday, October 16, 2011 3:31 AM
To: [email protected]
Subject: Re: [MD] This is what democracy looks like
If we wind back the clock we go back to the conditions that caused the
current mess.
These include the assumption that continual growth is possible at a rate
that is obviously unsustainable and consumption of resources by a few
that are denied to the rest of the world.
'The Market' has obviously failed or we wouldn't be in this mess but the
response of many seems to be to do more of the same. De-regulation would
appear to be at the root of the problem and until a reasonable level of
regulation is re-instated this problem will continue.
Capitalism, like Communism, has failed and those who cannot see this are
in denial.
On 16/10/2011 11:13, Ian Glendinning wrote:
I think Horse's is about right. My response to Mary's point - it not
so much
what democracy looks like, but it's what democracy looks like when it's
broken. (The problem lies in assumptions about consumption and
growth, and
the addiction to "winning" instead of quality.)
The problem with the disaffected "revolutionaries" is they can show
their
frustration, but someone still has to work out what the fix looks like.
Winding the clock back and starting again is unlikely to be the best
option
(for those doing the protesting, or anyone else).
Ian
On Sun, Oct 16, 2011 at 10:51 AM, Horse<[email protected]> wrote:
No, I think it's what ordinary folk look like when they realised
they've
been screwed over for the last 60 years or so.
Neither Luddite nor economically illiterate - just ordinary people
who've
had enough.
--
"Without music to decorate it, time is just a bunch of boring production deadlines
or dates by which bills must be paid."
— Frank Zappa
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